Dollar, Yen strengthen as economic slowdown spurs demand for safe-haven assets

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Source: Bloomberg
© Scanpix/RS
The U.S. Dollar and Japanese Yen advanced against most of the major peers as indication of economic slowdown in Europe and Asia spurred demand for safe-haven assets. The Dollar rose 0.3% to $1.2826 per Euro from last week, after touching earlier $1.2804, the strongest level since September 11. The Yen traded at 99.88 per Euro and added 0.4% to 80.55 per Australia's Dollar.  

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Mon, 01 Oct 2012 10:08:40 GMT

Asian stocks decline on China and Japan data

Asian stocks fell for a second day as China's manufacturing decreased amid global slowdown that curtailed export demand and Japanese manufacturers became pessimistic. The MSCI Asia Pacific Index dropped 0.7% to 121.65. Japan's Nikkei 225 Stock Average lost 0.8%, while Taiwan's Taiex Index slipped 0.7% and Singapore's Straits Times Index fell 0.5%.  

Fri, 28 Sep 2012 21:28:31 GMT

Japanese industrial output tumbled in August

Japan's industrial output fell more than expected in August, as the demand for cars and electronics was weak due to the global slowdown. As reported by the Ministry of Economy, Trade and Industry, nation's industrial production slumped to a seasonally adjusted -1.3%, down from -1.0% in July, adding concerns that the world's third biggest economy may slip into recession by the end of 2012.

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